Mixue Submits Post-Hearing Information Pack to Hong Kong Bourse for IPO
MT Newswires Live02-17
Mixue underwent a listing hearing in Hong Kong on Friday and submitted its post-hearing information pack for its initial public offering to the city's bourse on the same day.
The bubble tea maker is looking to raise $500 million from its planned offering, according to previous media reports.
Mixue intends to use the proceeds of its planned offering to expand production capacity, improve logistics, and boost its international supply chain, the document said.
It also intends to use proceeds for branding and marketing, digitalization efforts, and for working capital.
Merrill Lynch (Asia Pacific), Goldman Sachs (Asia), and UBS Securities Hong Kong are among the joint sponsors.
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